Envirometal Technologies Inc (PK)【EVLLF】株式ニュース

EVLLF in-situ gold mining funded,SeekingAlpha Article

Seeking Alpha Article In-Situ Deal Today

https://seekingalpha.com/instablog/535947-darp-research/5611282-gfgs-game-changing-in-situ-gold-mining-deal-tiny-downside-and-huge-upside

Snip of beginning:
GFG's Game Changing In-Situ Gold Mining Deal, Tiny Downside And Huge Upside

Summary
GFG may revolutionize gold mining with In-Situ Mining, which means the gold is pumped out of the Earth like oil. Potential for tiny AISC costs.
Deal is very low risk, why did Group 11 give GFG such a great deal? Rattlesnake is the ideal mine site to prove Gold In-Situ can be done.
GFG gets a 30% carried interest, money and major ownership in Group 11 (In-Situ company). GFG has proven 20 Bagger management (Claude) and a tiny market cap of $13 million.

GFG Resources (OTCQB:GFGSF) has done a deal with Group 11 that may bring about one of the most revolutionary things for gold mining technology ever. And if Gold In-Situ mining works at their Rattlesnake Hills property with an estimated 600,000 to 1,000,000 ounces of gold the profits would dwarf their current market cap of $13 million. And that is ignoring that GFG also gets millions of cash and more importantly a large ownership interest in Group 11.

Unknown Nanocaps Provide Exceptional Returns When Discovered
GFG Resources is an inordinately unknown stock. This deal was done weeks ago yet the market has not even noticed. How did I find out about it? It goes back to a 20+ Bagger achieved through Claude Resources (OTCQB:CLGRF). Bought CLGRF for as low as $0.12 a share as my #1 position and sold the last of it, after it was acquired by Silver Standard Resources Inc. for $337 million, for $2.80 a share equivalent in August 2016. The two key people dealt with there were CEO Brian Skanderbeg and VP of Business Development Marc Lepage, the very same team now at GFG. It was a good experience to say the least.

On Claude it went from extreme undervaluation to considerable overvaluation. That was exactly the plan when bought it. So when Brian and Marc started a new gold mining company bought a small position in GFG just to make sure kept track of it. Gold explorers, which is what GFG is, are not my style. Have discovered that existing producers or near production stocks that are super undervalued are often available. Think that is a safer play and they can have just as big of an upside.

In the case of GFG they have both the Rattlesnake Hills gold deposit in Wyoming and the Pen Gold and Dore Gold projects which are a rather massive land package in Canada near Timmins. You can read up on that here in their presentation.

So to my plan of not forgetting GFG was scrolling through portfolio and saw GFG and as had not checked for news in a while did so. Bingo, read a press release (GFG Signs Option Agreement with Group 11 Technologies to Advance the Rattlesnake Hills Gold Project with Disruptive Technology) that blew me away. It was about GFG getting a carried interest (other side pays all expenses) to build an In-Situ gold mine at Rattlesnake.

The Deal
Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a period of up to seven and a half years by:

Spending a minimum of US$9.5 million in Expenditures.

Paying 100% of holding and maintenance costs related to the Project.

Covering all Expenditures to advance the Project into commercial production.

Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.

Making a cash payment of US $7.5 million.